Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Regression was used to model the number of visitors to a DVD store, per quarter. Estimated Number of visitors = 122.55 2.29t 45.87 Q1 4.9Q2

Regression was used to model the number of visitors to a DVD store, per quarter.

Estimated Number of visitors = 122.55 2.29t 45.87 Q1 4.9Q2 + 17.2Q4

With t is in quarters and the origin is att = 0 June March 2010

Q1, Q2, Q4 are dummy variables for March, June and December, respectively.

Q3 is the dummy variable for the September quarter and is the benchmark for this model.

Which of the following is the correct interpretation of the coefficient of t?

a, The number of visitors to this DVD store does not change, per quarter.

b, The number of visitors to this DVD store is trending upwards and increase by 124.84 per quarter.

c, The number of visitors to this DVD store is trending upwards and increase by 2.29 per quarter.

d, The number of visitors to this DVD store is trending downwards and decrease by 124.84 per quarter.

e, The number of visitors to this DVD store is trending downwards and decrease by 2.29 per quarter

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Performance Analysis And Synthesis For Discrete-Time Stochastic Systems With Network-Enhanced Complexities

Authors: Derui Ding, Zidong Wang, Guoliang Wei

1st Edition

0429880022, 9780429880025

More Books

Students also viewed these Mathematics questions

Question

=+ ^ What is the budget for this project?

Answered: 1 week ago

Question

=+What information is needed?

Answered: 1 week ago